The security and vulnerability management market are expected to surpass US$ 9342.9 million by 2034, up from US$ 3070.7 million in 2024. From 2024 to 2034, the security and vulnerability management market revenue are projected to flourish at a CAGR of 11.8%.
A key trend advancing the security and vulnerability management industry is the rising frequency of data breaches and worldwide cyberattacks. The vulnerability management solutions market has the potential to expand due to rising investments in AI-enabled solutions and the growth of the BFSI and healthcare sectors.
The security and vulnerability management solutions and service market thrives because of strict government data protection and cybersecurity rules. The integration of contemporary technologies like cloud storage, data analytics tools, AI, and ML is likely to open up market opportunities of security and vulnerability management.
Attributes | Details |
---|---|
Market Value for 2024 | US$ 3070.7 million |
Market Value for 2034 | US$ 9342.9 million |
Market CAGR from 2024 to 2034 | 11.8% |
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Attributes | Details |
---|---|
Market Value for 2019 | US$ 1934.2 million |
Market Value for 2023 | US$ 2786.9 million |
Market CAGR from 2019 to 2023 | 9.6% |
The segmented security and vulnerability management market analysis included in the following subsection. Based on comprehensive studies, the security and vulnerability management software sector are leading the component category, and the security and vulnerability management for large enterprises segment is commanding the enterprise type category.
Segment | Security and Vulnerability Management Software |
---|---|
Share (2024) | 74.2% |
Segment | Security and Vulnerability Management for Large Enterprises |
---|---|
Share (2024) | 40.6% |
The security and vulnerability management market can be observed in the subsequent tables, which focus on the leading economies in the Germany, Japan, China, the United States, and Australia. A comprehensive evaluation demonstrates that Australia has enormous market opportunities of security and vulnerability management.
Country | Australia |
---|---|
CAGR (2024 to 2034) | 15.3% |
Nation | China |
---|---|
CAGR (2024 to 2034) | 12.3% |
Nation | United States |
---|---|
CAGR (2024 to 2034) | 8.6% |
Nation | Germany |
---|---|
CAGR (2024 to 2034) | 7.2% |
Nation | Japan |
---|---|
CAGR (2024 to 2034) | 6.5% |
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The market has fierce competition, with major security and vulnerability management vendors vying for supremacy. Leaders in the field include well-known security and vulnerability management providers like Symantec Corporation, IBM Corporation, and Micro Focus, all of whom use their knowledge to offer strong security solutions. Rapid7 Inc. and Qualys Inc. always innovate to tackle new threats and weaknesses.
On the other hand, Tenable Inc. and Trend Micro Inc. support a broad spectrum of businesses and use cases with their all-inclusive security services, which support the security and vulnerability management industry.
McAfee LLC and Tripwire Inc. diversify the security incident and event management market by bringing their distinct advantages to the table. RSA Security LLC (Dell EMC) is a major player that pools its resources and expertise to provide innovative security solutions.
These major cybersecurity risk management providers invest in ongoing innovation and strategic collaborations as the competition heats up to maintain their lead in the quickly changing security field.
Their differentiation in the vulnerability assessment tools market emerges from their customer-centric approaches and emphasis on delivering value-added services.
These security information and event management (SIEM) suppliers continue to play a critical role in protecting enterprises against emerging threats, influencing the direction of security and vulnerability management in light of the growing significance of cybersecurity.
Noteworthy Advancements
Company | Details |
---|---|
BackBox Software Inc. | BackBox Software Inc. introduced the Network Vulnerability Manager service in October 2023 to improve network automation. This new service provides an all-inclusive approach to managing vulnerabilities inside network infrastructures and helps users with network automation. |
Hackuity | Hackuity released version 2.0 of their intelligent risk-based vulnerability management software in October 2023. The next-generation platform, version 2.0, offers significant improvements to help firms manage risks. The updated version gives companies a quantifiable True Risk Score (TRS) by fusing threat intelligence, vulnerability severity, and distinct business context. |
Google LLC | Google LLC started the Hacking Policy Council program in April 2023 to improve vulnerability management. Intel, Bugcrowd, Intigriti, HackerOne, and Luta Security are working with the Hacking Policy Council to improve vulnerability management procedures. |
Honeywell | In November 2022, Honeywell announced that its new operational technology (OT) cybersecurity solutions are now available to assist clients in safeguarding the reliability, availability, and safety of their industrial control systems and operations. The tools, which come with a new Advanced Monitoring and Incident Response (AMIR) dashboard and an enhanced Cyber App Control dashboard, are designed to provide businesses with round-the-clock intelligent threat detection across the expanding attack surface of their industrial control systems (ICS). |
Israeli government | The Israeli government stated in February 2022 that it would join the American Development Bank and provide USD 2 million to this region's cybersecurity skills to launch a new cybersecurity project in the Caribbean and Latin America. |
The cybersecurity risk management market to secure a valuation US$ 3070.7 million in 2024.
The threat intelligence solutions market is estimated to attain US$ 9342.9 million by 2034.
Through 2034, the vulnerability assessment tools industry is predicted to thrive at a 11.8% CAGR.
From 2019 to 2023, the patch management software market registered a 9.6% HCAGR.
The security and vulnerability management for large enterprises segment is set to achieve a market share of 40.60% in 2024.
A 74.20% market share is expected for the security and vulnerability management software sector in 2024.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2024 to 2034 5.3.1. Software 5.3.2. Services 5.4. Y-o-Y Growth Trend Analysis By Component, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Component, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Enterprise Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Enterprise Type, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Enterprise Type, 2024 to 2034 6.3.1. Small Enterprises 6.3.2. Medium Enterprises 6.3.3. Large Enterprises 6.4. Y-o-Y Growth Trend Analysis By Enterprise Type, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Enterprise Type, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Vertical 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Vertical, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vertical, 2024 to 2034 7.3.1. IT and Telecom 7.3.2. Retail 7.3.3. Government 7.3.4. BFSI 7.3.5. Healthcare 7.3.6. Utility 7.3.7. Defence 7.3.8. Others 7.4. Y-o-Y Growth Trend Analysis By Vertical, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Vertical, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Component 9.2.3. By Enterprise Type 9.2.4. By Vertical 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Component 9.3.3. By Enterprise Type 9.3.4. By Vertical 9.4. Key Takeaways 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Component 10.2.3. By Enterprise Type 10.2.4. By Vertical 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Component 10.3.3. By Enterprise Type 10.3.4. By Vertical 10.4. Key Takeaways 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. UK 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Component 11.2.3. By Enterprise Type 11.2.4. By Vertical 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Component 11.3.3. By Enterprise Type 11.3.4. By Vertical 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Component 12.2.3. By Enterprise Type 12.2.4. By Vertical 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Component 12.3.3. By Enterprise Type 12.3.4. By Vertical 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Component 13.2.3. By Enterprise Type 13.2.4. By Vertical 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Component 13.3.3. By Enterprise Type 13.3.4. By Vertical 13.4. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Component 14.2.3. By Enterprise Type 14.2.4. By Vertical 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Component 14.3.3. By Enterprise Type 14.3.4. By Vertical 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Component 15.2.3. By Enterprise Type 15.2.4. By Vertical 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Component 15.3.3. By Enterprise Type 15.3.4. By Vertical 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Market Share Analysis, 2023 16.1.1.1. By Component 16.1.1.2. By Enterprise Type 16.1.1.3. By Vertical 16.2. Canada 16.2.1. Market Share Analysis, 2023 16.2.1.1. By Component 16.2.1.2. By Enterprise Type 16.2.1.3. By Vertical 16.3. Brazil 16.3.1. Market Share Analysis, 2023 16.3.1.1. By Component 16.3.1.2. By Enterprise Type 16.3.1.3. By Vertical 16.4. Mexico 16.4.1. Market Share Analysis, 2023 16.4.1.1. By Component 16.4.1.2. By Enterprise Type 16.4.1.3. By Vertical 16.5. Germany 16.5.1. Market Share Analysis, 2023 16.5.1.1. By Component 16.5.1.2. By Enterprise Type 16.5.1.3. By Vertical 16.6. UK 16.6.1. Market Share Analysis, 2023 16.6.1.1. By Component 16.6.1.2. By Enterprise Type 16.6.1.3. By Vertical 16.7. France 16.7.1. Market Share Analysis, 2023 16.7.1.1. By Component 16.7.1.2. By Enterprise Type 16.7.1.3. By Vertical 16.8. Spain 16.8.1. Market Share Analysis, 2023 16.8.1.1. By Component 16.8.1.2. By Enterprise Type 16.8.1.3. By Vertical 16.9. Italy 16.9.1. Market Share Analysis, 2023 16.9.1.1. By Component 16.9.1.2. By Enterprise Type 16.9.1.3. By Vertical 16.10. Poland 16.10.1. Market Share Analysis, 2023 16.10.1.1. By Component 16.10.1.2. By Enterprise Type 16.10.1.3. By Vertical 16.11. Russia 16.11.1. Market Share Analysis, 2023 16.11.1.1. By Component 16.11.1.2. By Enterprise Type 16.11.1.3. By Vertical 16.12. Czech Republic 16.12.1. Market Share Analysis, 2023 16.12.1.1. By Component 16.12.1.2. By Enterprise Type 16.12.1.3. By Vertical 16.13. Romania 16.13.1. Market Share Analysis, 2023 16.13.1.1. By Component 16.13.1.2. By Enterprise Type 16.13.1.3. By Vertical 16.14. India 16.14.1. Market Share Analysis, 2023 16.14.1.1. By Component 16.14.1.2. By Enterprise Type 16.14.1.3. By Vertical 16.15. Bangladesh 16.15.1. Market Share Analysis, 2023 16.15.1.1. By Component 16.15.1.2. By Enterprise Type 16.15.1.3. By Vertical 16.16. Australia 16.16.1. Market Share Analysis, 2023 16.16.1.1. By Component 16.16.1.2. By Enterprise Type 16.16.1.3. By Vertical 16.17. New Zealand 16.17.1. Market Share Analysis, 2023 16.17.1.1. By Component 16.17.1.2. By Enterprise Type 16.17.1.3. By Vertical 16.18. China 16.18.1. Market Share Analysis, 2023 16.18.1.1. By Component 16.18.1.2. By Enterprise Type 16.18.1.3. By Vertical 16.19. Japan 16.19.1. Market Share Analysis, 2023 16.19.1.1. By Component 16.19.1.2. By Enterprise Type 16.19.1.3. By Vertical 16.20. South Korea 16.20.1. Market Share Analysis, 2023 16.20.1.1. By Component 16.20.1.2. By Enterprise Type 16.20.1.3. By Vertical 16.21. GCC Countries 16.21.1. Market Share Analysis, 2023 16.21.1.1. By Component 16.21.1.2. By Enterprise Type 16.21.1.3. By Vertical 16.22. South Africa 16.22.1. Market Share Analysis, 2023 16.22.1.1. By Component 16.22.1.2. By Enterprise Type 16.22.1.3. By Vertical 16.23. Israel 16.23.1. Market Share Analysis, 2023 16.23.1.1. By Component 16.23.1.2. By Enterprise Type 16.23.1.3. By Vertical 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Component 17.3.3. By Enterprise Type 17.3.4. By Vertical 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. IBM Corporation 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Micro Focus 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Symantec Corporation 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. Rapid7 Inc. 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. Qualys Inc. 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Trend Micro Inc. 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. Tenable Inc. 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. McAfee LLC 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Tripwire Inc. 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. RSA Security LLC (Dell EMC) 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
Technology
May 2022
REP-GB-14733
342 pages
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